32,049 British American Tobacco p.l.c. $BTI Shares Sold by Wealth Science Advisors LLC

Key Points

• Wealth Science Advisors LLC cut its British American Tobacco stake by 76.4% in the third quarter, selling 32,049 shares and retaining 9,919 shares valued at approximately $540,000.
• BTI shares opened at $55.50, near their 50-day average of $56.00 and below the 200-day average of $58.90. The stock’s 52-week range is $49.88 to $67.30.
• Analysts remain broadly positive, with 12 Buy ratings, two Holds and one Sell; the consensus is “Moderate Buy” with an average price target of $68.10.

Wealth Science Advisors LLC lessened its stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 76.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,919 shares of the company's stock after selling 32,049 shares during the period. Wealth Science Advisors LLC's holdings in British American Tobacco were worth $540,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Empowered Funds LLC lifted its holdings in shares of British American Tobacco by 3.1% during the 1st quarter. Empowered Funds LLC now owns 6,184 shares of the company's stock worth $362,000 after acquiring an additional 186 shares during the last quarter. Renasant Bank raised its position in British American Tobacco by 4.8% during the first quarter. Renasant Bank now owns 4,152 shares of the company's stock valued at $243,000 after purchasing an additional 192 shares in the last quarter. Applied Capital LLC FL raised its position in British American Tobacco by 0.8% during the third quarter. Applied Capital LLC FL now owns 23,598 shares of the company's stock valued at $1,284,000 after purchasing an additional 192 shares in the last quarter. Intrua Financial LLC lifted its stake in British American Tobacco by 3.8% during the first quarter. Intrua Financial LLC now owns 5,306 shares of the company's stock worth $310,000 after purchasing an additional 196 shares during the last quarter. Finally, E Wealth Partners LLC boosted its holdings in shares of British American Tobacco by 3.3% in the 1st quarter. E Wealth Partners LLC now owns 6,271 shares of the company's stock worth $367,000 after purchasing an additional 203 shares in the last quarter. Institutional investors own 16.16% of the company's stock.

British American Tobacco Stock Up 0.1%

Shares of BTI stock opened at $55.50 on Friday. The business has a 50-day moving average of $56.00 and a 200 day moving average of $58.90. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.50 and a current ratio of 0.84. British American Tobacco p.l.c. has a 1-year low of $49.88 and a 1-year high of $67.30.

British American Tobacco (NYSE:BTI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $1.11 EPS for the quarter, missing analysts' consensus estimates of $2.21 by ($1.10). The business had revenue of $8.10 billion during the quarter, compared to analyst estimates of $16.42 billion. On average, equities analysts anticipate that British American Tobacco p.l.c. will post 4.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Jefferies Financial Group reissued a "buy" rating on shares of British American Tobacco in a report on Wednesday, September 30th. Morningstar raised British American Tobacco to a "buy" rating in a research note on Thursday, September 10th. Morgan Stanley reissued an "overweight" rating and set a $68.10 price target on shares of British American Tobacco in a research note on Monday, September 7th. SBG Securities upgraded shares of British American Tobacco to a "buy" rating in a report on Friday, August 7th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of British American Tobacco in a report on Monday, August 31st. Twelve analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $68.10.

About British American Tobacco

British American Tobacco p.l.c. NYSE: BTI is a multinational consumer goods company focused on nicotine and tobacco products. Its portfolio includes traditional cigarettes, heated tobacco products, vapor products and modern oral nicotine products, including nicotine pouches. The company markets products under brands such as Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans and Vuse, with additional brands varying by market.

Founded in 1902 through the combination of the Imperial Tobacco Company and the American Tobacco Company, British American Tobacco has developed into an international business serving markets across the Americas, Europe, Africa, the Middle East and Asia-Pacific.

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